User Question

Why Depreciation is not calculated during month-end-closing?

Problem / Symptom

The Depreciation is not calculated during month-end-closing.

The Statement of Depreciation report has been generated without changes in Depreciation (Asset Management - Reports - Statement of Depreciation) , or it may be generated directly from Fixed Asset.

Conditions

•  A new fixed asset Toyota RAV4 – 2025 (MVP000013) has been registered on 21/09/2026

  • Initial Cost: AED 90,000
  • Depreciation Method: Straight Line
  • Useful Life: 48 months

  • Depreciate in Current Month is enabled in Fixed Asset Entry.

• The setting Enable Depreciation of Non-Current Assets is enabled
• 12.1.4. Fixed Asset Statuses  changing were created several times after Fixed Asset entering.
• Month-end-closing has been executed in chronological order

Root Cause

Fixed Asset Statuses have been changed but "Depreciate" and "Depreciate in current month" were not enabled in new Fixed Asset Statuses .

Diagnostics

• Open  Fixed Asset Statuses tab in Fixed Asset.
• Enable "Depreciate" and "Depreciate in current month" in each new Fixed Asset Status. Post.
• Re-execute month-end-closing

Resolution

The Depreciation is not calculated during month end closing if   "Depreciate" and "Depreciate in current month" were not enabled in  Fixed Asset Statuses. 

After posting  Fixed Asset Statuses  month-end-closing should be re-executed.

Related Materials

12.1.1. Fixed Assets

12.1.4. Fixed Asset Statuses

Product / Configuration

FirstBit ERP/FirstBit Accounting/FirstBit Contracting

Functional Area / FirstBit Software Section

Asset Management/ Accounting

Thank you for being FirstBit customer!

Alternative User Questions / Keywords

#Depreciation is not calculated #Fixed Asset Statuses #Depreciation method  #Depreciate in current month